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Hatch: Democrats, from Ranking Member Wyden to President Obama, have supported #taxreform efforts that substantially lowered the corporate tax rate.
Hatch: Members of both parties also agree it’s time the U.S. move toward a territorial tax system. Our current worldwide system chases jobs and investment abroad. #taxreform
Hatch: This proposal is “designed to grow our economy, increase wages, promote the expansion of businesses, and…create jobs.” #taxreform
Hatch: “Virtually every proposal contained in the bill has been the subject of public debate for many years.” #taxreform
Hatch: Our bill is primarily focused on tax relief for middle- and lower-income taxpayers. And, the analysis by our non-partisan congressional scorekeeper has confirmed that the legislation we’ve crafted accomplishes that goal. #taxreform
Hatch: There are many in the middle class who have felt left behind in the sluggish economy...We have an opportunity this week to show that we are listening, that we will act to get the economy moving again. #taxreform
Territorial text means zero taxes for US multinationals. Bad for domestic jobs.
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